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Azeri Light Oil Price Hits $72.17 per Barrel

by Amelia

The price of Azerbaijani crude oil, specifically the “Azeri Light” (CIF) grade, continued its upward trajectory in global markets.

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Yesterday, the price per barrel rose by $0.32, or 0.45%, reaching $72.17. This marks an increase from the previous value of $71.85 per barrel.

It is notable that Azerbaijan’s state budget for the current year is based on an average price of $70 per barrel for Azeri Light oil.

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